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so 180 divided by 99 equals 0.55 then 0.55*100=55 as a percentage %55

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Q: The price of an item has dropped to $99 today. Yesterday it was $180. Find the percentage decrease?
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Related questions

The price of a notebook has dropped to 3.30 today Yesterday's price was 3.55 What is the percentage decrease?

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Elasticity is defined as the percentage change in quantity for a given percentage change in price. If price goes up by 1% and quantity goes down by 2%, less revenue is generated, since (1.01*P)* (0.98*Q) < P*Q.

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Percentage change between two numbers A & B can be calculated as: (B-A)/A * 100 For example, if a stock price increases in value from $123 to $145 the percentage increase is: (145-123)/123 * 100 = 17.9% Alternatively, if a stock price decreases in value from $145 to $123 the percentage decrease is: (123-145)/145 * 100 = 15.2% The technically correct answer to the scenario of $145 stock dropping to $123 is a -15.2% change in price. The original answer is semantically correct because the user calls out percentage "decrease", but you cannot have a drop in value and a positive % change outcome.

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The price of a good can decrease if supply is greater than demand. The price can also decrease if that item has been superseded by a newer version.

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I do not think that the Gold Price will decrease in future

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The reduction is 31c to 28c, so the decrease is 3c. Then divide 3c by 31c and multiply by 100 to get the decrease percentage. 3/31 * 100 = 9.7% to 1 decimal place

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